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Breaking News

Prince Albert completes historic dive to the 'Midnight Zone' for ocean research

Tax advantage to go, QROPS overhaul

Tax advantage to go, QROPS overhaul

By Staff Writer - December 11, 2016

Woman frightened by taxesIf the UK government gets its way, expat pensioners living abroad will pay considerably more in tax on pensions.

A scheme known as Qualifying Recognised Overseas Pension Scheme (Qrops), which lowers income tax paid on qualifying registered overseas pension schemes to 90 percent of the amount otherwise due, will no longer apply and, from April 6, 2017, 100 percent of income tax will have to be paid, according to a little-noticed proposal in the so-called Autumn Statement by the UK finance minister, the Chancellor of the Exchequer, Philip Hammond.

Pensioners currently paying 36 percent will in future pay 40 percent, if the plans make their way into law. 

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January 27, 2020 | Local News

Council honours new police cadets

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The National Assembly has welcomed the latest graduates to the Principality’s Police Force.

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Stephanie Horsman

An incredible 12-month time lapse video showing the creation of Monaco’s mammoth land extension project has just been released.

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January 16, 2020 | Local News

There’s a new bailiff in town

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Monaco has a new bailiff, or huissier as known locally, who was sworn in earlier this week.

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January 14, 2020 | Local News

Monaco crime rates continue to fall

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General crime rates in the Principality dropped by a significant 16% between the years 2016 and 2019, and street crime by an impressive 52%.

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